Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Bolsa de Madrid  >  Siemens Gamesa Renewable Energy    SGRE   ES0143416115

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Gamesa Corporacion Tecnologica SA : Gamesa provides a preview of its 2012 results*, in line with its 2013-2015 Business Plan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/12/2013 | 07:32pm CEST
Gamesa provides a preview of its 2012 results*, in line with its 2013-2015 Business Plan
  • The company shores up its balance sheet in the net amount of 584 million euros

Gamesa this afternoon released a preview of its 2012 results, in line with the guidance the company provided the market on 25 October, illustrating Gamesa's progress on implementing its 2013-2015 Business Plan.

Recurring activity continue to underscore the soundness of Gamesa's business, with positive EBIT of €7M, meeting the targets previously issued to the market. In addition, sales at the end of 2012 totalled 2,119 MW, surpassing the company's target of 2,000 MW.

Gamesa also announced that it has strengthened its balance sheet in the net amount of 584 million euros. The purpose of this restructuring - previously announced to the market as a cornerstone of the new Business Plan - is to adjust the value of the company's assets, with a focus on two key areas. First, it aims to bring the balance sheet into line with the Business Plan (to include facility closures, changes in product strategy and staff restructuring). Second, it tailors the corporation to current market conditions (including industry-wide changes in demand, regulation in key markets and the need for provisioning).

"This was a year for prudence and responsibility, for aligning the balance sheet with our new 2013-2015 Business Plan and with the industry's performance," said Gamesa Chairman and CEO Ignacio Martín. "This one-off event is the foundation for recovery in our operating income in 2013."

2013 and beyond

Gamesa on 25 October released its 2013-2015 Business Plan, which is designed to enable it to weather the industry downturn, adapt its corporate structure to the prevailing climate and emerge a stronger company as one of the global leaders in the wind energy industry. Furthermore, the Plan aims to restore and maintain profitability, strengthen the balance sheet (reduce debt), focus on key markets and growth businesses and offer competitive technological solutions (new 2.5 MW and 5.5 MW turbine systems).

Meanwhile, the outlook for 2013 is encouraging and serves as an endorsement of Gamesa's revamped commercial positioning. Specifically, Gamesa ended 2012 with a portfolio of definitive contracts totalling 1,657 MW, with 571 MW signed in the fourth quarter alone, and has already covered 50% of its budgeted sales volume for 2013.

These figures illustrate the wind power sector's solid future in the medium and long term, which is underpinned by the industry's efficiency -- cost of energy -- and its contribution to solving energy systems' structural problems: energy dependence, price volatility, inefficient use of resources and environmental impact.

*Provisional financial figures, subject to completion of an external audit

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SIEMENS GAMESA RENEWABLE E
10/16 SIEMENS GAMESA RENEWABLE ENERGY : opens new rotor blade plant in Tangier, Morocc..
10/13 SIEMENS GAMESA RENEWABLE ENERGY : opens first blade plant in MEA region
10/13 SIEMENS GAMESA RENEWABLE ENERGY : inaugurates the first blade plant in Africa an..
10/13 SIEMENS GAMESA RENEWABLE ENERGY : Inaugurates in Tangier First Blade Plant in Af..
10/12 SIEMENS GAMESA RENEWABLE ENERGY : inaugurates new wind-turbine blade plant in Mo..
10/12 SIEMENS GAMESA RENEWABLE ENERGY : opens first blade plant in MEA region
10/11 SIEMENS GAMESA RENEWABLE ENERGY : inaugurates the first blade plant in Africa an..
10/11 SIEMENS GAMESA RENEWABLE ENERGY : renews contract to service UK`s 504MW Greater ..
10/10 SIEMENS GAMESA RENEWABLE ENERGY : wins significant service extension contract fo..
10/10 European shares falter, LVMH helps luxury sector shine
More news
News from SeekingAlpha
10/08 10%+ Yield Dividend Dogs Paced By Uniti Group's October Gains
09/13 Industrials Sector Analysts Call Quad/Graphics Top Gains Dog Per September Ta..
08/11 The U.S. Is No Longer Center Of The Universe. Where To Invest?
08/07 Will Wind Beat Nuclear In The UK?
07/03 Industrials One-Year Likely Gains Led By Shippers, Ports, And Aviation Servic..
Financials (€)
Sales 2016 4 587 M
EBIT 2016 463 M
Net income 2016 307 M
Finance 2016 371 M
Yield 2016 2,07%
P/E ratio 2016 11,48
P/E ratio 2017 24,87
EV / Sales 2016 1,66x
EV / Sales 2017 0,67x
Capitalization 7 997 M
Chart SIEMENS GAMESA RENEWABLE E
Duration : Period :
Siemens Gamesa Renewable E Technical Analysis Chart | SGRE | ES0143416115 | 4-Traders
Technical analysis trends SIEMENS GAMESA RENEWABLE E
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 16,4 €
Spread / Average Target 39%
EPS Revisions
Managers
NameTitle
Markus Tacke Chief Executive Officer & Director
Rosa María García García Chairman
Ignacio Artázcoz Barrena Chief Financial Officer
Alan Feeley Chief Information & Cyber Security Officer
Carlos Emilio Rodríguez-Quiroga Menendez Secretary, Executive Director & Legal Counsel
Sector and Competitors
1st jan.Capitalization (M$)
SIEMENS GAMESA RENEWABLE ENERGY-34.98%9 412
VESTAS WIND SYSTEMS24.84%18 842
XINJIANG GOLDWIND SCIENCE & TECH CO LTD--.--%6 664
TITAN WIND ENERGY (SUZHOU) CO LTD--.--%1 714
SUZLON ENERGY LTD12.64%1 267
SENVION SA-1.35%904